In September 2017, in a regular survey of the Australian general public, foreseechange asked respondents about the likelihood that particular events would occur in the next year.
One of those was that Malcolm Turnbull would be replaced as Prime Minister. The Wisdom of the Masses estimated likelihood was a 53% chance. As a federal election was unlikely in the following year, this result means that it was perceived to be a slightly better than 50/50 chance that Turnbull would be dumped by his own party.
Just under a year later, this seems almost certain to happen today.
Another component of the foreseechange survey is canvassing opinions on the issues people feel they will be most concerned about in the foreseeable future.
Number one in June 2018 was the cost of living. Despite consumer price inflation being only 2%, at the bottom of the Reserve Bank of Australia’s target zone, consumer price expectations are over 4% and wages are only growing by 2%. Politicians have to do something about this gap if they want to be popular (so to for employers!).
Of course, there are many other issues that segments of the population are concerned about, such as housing affordability, traffic congestion, and climate change.
Malcolm Turnbull’s likely replacement as PM seems unwilling to do anything about climate change, for example.
If politicians do not understand, and act on, the concerns of all Australians then the revolving door for Australian prime ministers since 2009 looks set to continue at a fast pace.